Artikel

Compensating displaced workers

Job displacement poses a serious earnings threat to long-tenured workers through unemployment spells and lower re-employment wages. The prevailing method of insuring job displacement losses involves an uncoordinated combination of unemployment insurance and severance pay. Less developed countries often rely exclusively on public mandating of employer severance pay due to the administrative complexity of unemployment insurance systems. If both options are operational, systematic integration of the two is important, although perhaps not possible if severance pay is voluntarily provided.

Language
Englisch

Bibliographic citation
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2018 ; Bonn: Institute of Labor Economics (IZA)

Classification
Wirtschaft
Unemployment Insurance; Severance Pay; Plant Closings
Labor Contracts
Compensation Packages; Payment Methods
Labor Economics Policies
Subject
job displacement
unemployment insurance
wage insurance
severance pay

Event
Geistige Schöpfung
(who)
Parsons, Donald O.
Event
Veröffentlichung
(who)
Institute of Labor Economics (IZA)
(where)
Bonn
(when)
2018

DOI
doi:10.15185/izawol.444
Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Parsons, Donald O.
  • Institute of Labor Economics (IZA)

Time of origin

  • 2018

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